Updates, advisories and surprises

(4:31 PM ET) NEW YORK (MarketWatch) -- Capital One shares
COF, -0.37%
fell 2% in after hours trading Thursday, after the company reported profit and sales that dipped below expectations. Capital One said it had net income of $1.08 billion, or $1.86 cents a share, in the quarter, compared to $1.1 billion, or $1.84 cents a share, in the year-earlier period. The company said adjusted per-share earnings came to $1.97, topping the FactSet consensus of 1.94 cents. Sales fell slightly to $5.64 billion for the quarter from $5.65 billion, but beat the FactSet consensus of $5.55 billion. Domestic credit cards balances were up 5% to $73.14 billion, and international card balances dipped 7% to $7.48 billion. Shares have gained 2.5% in the year to date, while the S&P 500
SPX, -0.20%
has gained 0.8%.

AMD shares fall after third-quarter results miss

(4:28 PM ET) SAN FRANCISCO (MarketWatch) -- Advanced Micro Devices Inc.
AMD, +2.37%
shares declined in the extended session Thursday after the chip maker fell short of third-quarter expectations and announced job cuts. AMD shares fell 6.8% to $2.46 on heavy volume after the company reported adjusted third-quarter earnings of 3 cents a share on revenue of $1.43 billion. Analysts surveyed by FactSet estimated 4 cents a share on revenue of $1.47 billion. AMD announced it will cut 7% of its global workforce by the end of the fourth quarter. The company has just under 10,700 employees.

SanDisk shares slip after profit tops forecasts, but sales fall shy

(4:17 PM ET) NEW YORK (MarketWatch) -- Shares of SanDisk
SNDK
slipped 2% in after-hours trade Thursday as better-than-expected third-quarter profit was offset by sales that fell a bit shy. Net earnings fell to $263 million, or $1.09 a share, from $277 million, or $1.18 a share, in the year-earlier period. Excluding non-recurring items, adjusted per-share earnings were $1.45, beating the FactSet consensus analyst estimate of $1.34. Revenue rose 7% from last year to $1.75 billion, just missing analyst forecasts of $1.77 billion. The stock has lost 21% since the company reported second-quarter results through Thursday, but was still up 21% year to date, compared with a 0.8% rise in the S&P 500.

Google slides in after hours after missing expectations

(4:14 PM ET) SAN FRANCISCO (MarketWatch) -- Shares of Google Inc.
GOOGL, -0.03%
slid in Thursday's after hours after the Internet giant reported its third-quarter profit slipped to $2.81 billion, or $4.09 a share, from $2.97 billion, or $4.38 a share, a year ago. On an adjusted basis, Google earned $6.35 a share, falling short of $6.54 a share forecast by analysts in a FactSet survey. Revenue rose to $16.52 billion from $13.75 billion. Traffic acquisition costs totaled $3.35 billion in the third quarter, accounting for 23% of advertising revenues. Google shares dropped 2.3% to $511.20 after hours.

Investors may be too prepared for the worst from Advanced Micro Devices' results

(3:11 PM ET) NEW YORK (MarketWatch) -- Investors appear to be well prepared for the worst from Advanced Micro Devices
AMD, +2.37%
perhaps too much so, when the chip maker reports results after the close. The stock has lost about a third of its value over the last month, and has lost ground in 17 of the previous 24 trading sessions. History suggests they may have reason to worry, as the stock has dropped, usually sharply, the day after the last six quarterly reports; the average post-results selloff has been 9.8%. Some analysts said the fact that the company named a new CEO last week, just before earnings results, bodes badly for those results, but analysts at Deutsche Bank disagree: "We believe the lack of a negative preannouncement in conjunction with the CEO change last week suggests that [third-quarter results] are likely in line."

EBay's stock price target cut on cautious outlook

(12:02 PM ET) SAN FRANCISCO (MarketWatch) -- A couple of analysts lowered eBay Inc.'s
EBAY, -0.63%
stock price targets on Thursday after the online retailer revised down its full-year revenue forecast. Analyst Michael Graham at Canaccord Genuity reiterated his hold rating on the stock and trimmed its target price to $52 from $57. "We continue to believe Marketplaces growth may struggle," he said. Analyst Brian Pitz at Jefferies also maintained his hold rating but cut the target to $55 from $59. EBay late Wednesday reported quarterly earnings slightly above estimates but the weak forecast battered the stock. Shares of eBay skidded 6.3% to $47.09.

Jefferies no longer bearish on Netflix after share price plunge

(10:09 AM ET) NEW YORK (MarketWatch) -- Shares of Netflix
NFLX, +1.33%
have fallen so much, Jefferies analysts are no longer bearish, saying they now offer a more favorable valuation at current levels. The shares plunged 23% in morning trade Thursday to trade at a five month low, after the online video streaming service reported disappointinglate Wednesday. The stock has now lost nearly 30% from its Sept. 10 all-time closing high of $484.39. Jefferies upgraded the stock to hold, after having an underperform rating on it since April 2013, but slashed its price target to $300 from $350. "While prior concerns over content and competition persist, we think the risk/reward profile looks much more favorable at current levels," Jefferies wrote in a note to clients. The broker believes the price increase, which hasn't yet kicked in for most subscribers, "is a meaningful positive" for Netflix.

Delta Air tops profit, revenue estimates

(7:41 AM ET) NEW YORK (MarketWatch) -- Delta Air Lines Inc.
DAL, +1.89%
said it had net income of $357 million, or 42 cents a share, in the quarter, down from $1.369 billion, or $1.59 a share, in the year-earlier period. Adjusted per-share earnings came to $1.20 a share, ahead of the FactSet estimate of $1.18. Revenue totaled $11.178 billion, up from $10.490 billion, and compared with the FactSet estimate of $11.115 billion. "While we have more work ahead of us to achieve our long-term financial goals, we expect a record fourth quarter of 2014 with an operating margin of 10-12%," Chief Executive Richard Anderson said in a statement. Delta is expecting pre-tax profit of more than $4 billion for the full year, he said. Shares fell 3.8% in premarket trade.

Philip Morris tops profit forecasts, but cuts full-year outlook

(7:16 AM ET) NEW YORK (MarketWatch) -- Philip Morris
PM, -0.12%
reported Thursday third-quarter profit that topped expectations, but cut its full-year outlook citing the negative impact from the currency markets. Earnings for the quarter ended Sept. 30 fell to $2.16 billion, or $1.38 a share, from $2.34 billion, or $1.44 a share, in the year-earlier period. Excluding non-recurring items, adjusted per-share earnings were $1.39, above the FactSet consensus analyst estimate of $1.34. Reported net revenue declined 0.9% from last year to $7.9 billion, as cigarette shipments slipped 0.4%, but topped analyst forecasts of $7.6 billion. The company now expects full-year earnings per share of $4.76 to $4.81, down from a previous outlook of $4.87 to $4.97. The stock, which was still untraded in premarket trade, has lost 4.1% year to date through Wednesday, compared with a 0.8% gain in the S&P 500.

Mattel results disappoint as Barbie sales tumble 21%

(6:25 AM ET) MADRID (MarketWatch) -- Mattel Inc.
MAT, +0.53%
posted earnings and sales that fell short of expectations as as gross sales of its flagship Barbie doll fell 21% worldwide. The toy maker reported third-quarter earnings per share of 97 cents, which included a negative impact of 5 cents a share from its acquisition of MEGA Brands. In the year ago period, the company earned $1.22 a share. Net income fell to $331.8 million, versus $422.8 million a year ago. Sales for Mattel fell to $2.021 billion, versus $2.207 billion in the year-ago period. Analysts polled by FactSet Research expected the company to earn $1.02 a share on sales of $2.176 billion. Worldwide gross sales for Mattel Girls & Boys Brands fell 11% on the prior year, with American Girl brands down 7%, while Hot Wheels rose 5% and Fisher-Price fell 16%. "Clearly we have work to do as we enter the fourth quarter, and we remain focused on executing during the all-important holiday season and beyond," said Bryan G. Stockton, chairman and chief executive officer of Mattel, who said the third-quarter results failed to meet the company's own expectations. Shares were not moving in premarket trading.

UnitedHealth beats forecast, lifts 2014 profit guidance

(6:19 AM ET) LONDON (MarketWatch) -- UnitedHealth Group Inc.
UNH, -0.63%
said on Thursday that third-quarter profit rose to $1.6 billion, or $1.63 a share, from $1.57 billion, or $1.53 a share, in the year-ago period. Revenue climbed 7% to $32.76 billion, from $30.62 billion last year. Analysts surveyed by FactSet expected earnings of $1.53 a share on revenue of $32.75 billion. UnitedHealth lifted its profit expectations for 2014 and said it now expects earnings per share in the range of $5.60 to $5.65, up from the previous estimate of $5.50 to $5.60. Shares were down 0.5% in premarket trade.

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